Markets

Corn futures recovered Monday night gains. Soybeans seemingly rebounded from short-term moving average support last night, but proved vulnerable to fresh selling this morning. Given indications that the grain markets were following beans, it wasn’t surprising to see them turn mostly lower around midmorning, but corn proved surprisingly firm as lunchtime approached. May corn futures rose 1.0 cent to $3.89/bushel late Tuesday morning, while December crept up 1.25 to $4.145.

Menus using goat meat are leaping beyond ethnic restaurants to high-end outlets, as restaurateurs and retailers hunt for alternatives to beef - an expensive option, even though wholesale prices are off last summer's record highs.